Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Agree. It is fun to watch and speculate.
Someone has been accumulating and must see current value in STWS shares, as STWS is +61% today. But, the total $$$ volume is insignificant.
Interesting to see the buying interest, which seems to confirm there is still value in STWS shares, given the restructuring and new company, in which current STWS shareholders will apparently get 40% of the equity interest.
I am not worried because my cost basis is very
low and I believe I will get out fine after the share exchange
Now why is someone stepping up and buying all those shares at .012?
They bought my 40,000 from my cash account last week.
Just hope that the pps stays down here for the next 30 days
then I might buy back and get my tax loss for the year.
But they have to tell us something?????
Hi MFJ.
I was not saying you said it was a scam.
Please look at post #3455. But it is not just one person's post there have been others who for some reason want to malign this company.
There was potential to make a lot of money with STWS and I could have if I had sold at its height but instead I lost a lot. But I know the company was trying and it was a risk that I was willing to take.
I wish all of us who invested could have done well.
No one said it was a scam.
It just got caught in a tuff time.
They have plenty of company.
I just wish we would get some kind of official notice from whoever is doing this takeover. A short letter to shareholders saying "We are trying." Just to know that it is really REAL, not some info I read on a message board.
Good reasonable sounding post.
In defense of STWS. This company was never a scam. It was a legitimate business. The plans to sell water may still work. With three owners from different companies they have a lot to offer in their respected fields of finance, water treatment, and pipeline.
There is reason to look ahead with some hope.
There is no way, nor reason for anyone to be paid to post on this particular board. Also, if the pending deal was so negative, this would be trading solidly sub-penny on volume. The fact that someone is trying to salvage this makes it far, far better than if it had been left to die. The coffin door was shut and the dirt about to be shoveled.. I vote for not worried, especially compared to where things were just a couple months ago
Hell if I know who would pays him.
If he is getting paid, I want a job like that.
I just said that because someone keeps sending messages over the past year saying he is.
But I am mystified in an humorous way when he says he is not worried.
Here we sit at .01 on the verge of Zero and hoping to get a 40% stake in a new company from an old company that is going through bankruptcy court. We have no guarantee of anything. Plus we haven't heard anything from the company. At least I haven't. But he's not worried.
I just find that humorous.
But then again, at this point in time, I am not worried either because I have basically written STWS off as a loss. So, if we don't get the 40%, then so be it. Another one bites the dust.
I always appreciate your open mindedness at seeking the truth good or bad. That is why I am surprised at this post.
Why and who would pay him to post?
Stay tuned. STWS ahareholders will hold 40% of the shares in the new company. Not worried.
Oh boy a "restructuring plan"
STW Resources Holding Corp., (OTCQB: STWS), announced today a shareholders meeting. To be held on July 15, 2016 in Dallas Texas.
The meeting's agenda is in regard to withdrawing the company's public listing on the pink sheets, (delisting) to begin a restructuring plan.
The meeting will be held at the Addison/Dallas Marriott, Quorum located at:
14901 Dallas Parkway
Dallas, Texas
75254
972-661-2800
Wow did this work out..........nothing like having almost $20m in negative working capital....
Unfortunately, we have already been fleeced of our money.
But, as I said, if we can get anything other than ZERO, it is a WIN.
That being said, I am trying to sell my shares in my cash account without driving the pps below .01. Want to get the tax write off now. I sold the 10K today at .1001. 2/3 of my shares are in my IRA, so no help there. Hold them.
With 60 days or longer to wait (according to pilgrim58) for anymore info from BK court and with a 60/40 ratio, our pps value will only go down.
So, get the tax loss write off now, wait for the 30 days wash sale rule, then either buy back or better yet, wait until more news to come out to decide if they are worth buying back!
Honestly, getting out while there is a big to get out makes the most sense.
Like I have been saying all along.
This is an obvious scam the fleeced its shareholders.
Such a shame...
Perhaps someone who has been through this situation before will chime in.
I wish I knew specifics of what to tell you. The first meeting was very upbeat and positive. The plans are to use their pipeline company and sell water from the Fort Stockton area to West Texas, Arizona, and California.
This meeting not as many share holders showed up and it was more business and attorney oriented. A lot of legal discussions.
You are welcome. I see this is your first post. Welcome to the board. There is not much news anymore. Everything apparently is going to be tied up in the courts for awhile.
Thanks
I guess my only questions would be: What money making assets do these guys extract out of STWS rubble that is worth anything?
The Capitol Reef project is still in limbo: moratorium still in place as far as I know. If STWS is insolvent, then the rights to this project can be taken away by city.
Thanks for the posts here on what is happening. It seems like the only way I am getting the information so it is very much appreciated.
I still stand by my original comments after the last meeting except for there will be three owners instead of four.
- Joshua Brooks is the third owner. He has a pipe line company with 50
something employees.
- Salttech and Crown Financial LLC other two owners.
- GR Morris is the man who is orchestrating everything.(He is
involved with BioTrack Diagnostics. Salttech and Biotrack both have
head quarters in Netherlands and offices in Texas).
- STWS offices are moving to Addison Texas.
- The hope is to have the courts approve their bankruptcy plans in 60
days. This is quick but the longer it takes the harder it is on the
new company. The courts will have to approve a lot of matters like IRS
debt., GE lawsuit, ect...
- New owners will own 60% of the company/shares and current share
holders 40%.
- GR Brooks states he has access to $100,000,000.00 for the right
project and he believes this is the right project.
- The next share holders meeting may be after the 60 days.
Everyone have a good weekend!
If it was a bust for shareholders it would be well under a penny and large volume selling. Patience...we need details from the meeting!
Pretty obvious what is happening here. Not the complete lack of volume and interest?
Check back after the exchange offer when the shares in the new company are there.
It was always VERY obvious this was going no where bud. Now the company has completely screwed shareholders.
True story.
So if we purchase shares now the shares are given new shares or honor current shares being traded? Thanks
When are we supposed to hear?
will there be an 8k ..or just leaks out?
Well I think you'll be pleasantly surprised.
Anything better than ZERO is a WIN even if at the same time it can also be a LOSS.
Well, I'm not saying it'll be great, but I think it'll be better than most here expect, and give some real long term value
I would like to go and look for that scumbag Paul Difrancesco, but not worth my time or money at this point. Just waiting to see what we all get on the Exchange Offer in the way of shares in the new company.
Ha-ha! Congrats!
Well, for once I can be proud of STWS
it was my only green stock for the day!!!!
It even made my overall stock portfolio to show a gain for the day of $38.
What a day.
I'd guess they were just a toxic financier that got caught holding debt that was about to be worthless. Now they'll have a nice piece of the new company when it converts. They are not an important part of the deal I don't think.
Who ever they are, they seem to have spark a little interest on volume today. Guess I wont get my Buy at .005
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=286590246
They seem to be some kind of investment conglomeration that does a lots of different investment in distressed companies like STWS.
Read the Player complaint. They seemed to have bought shares in a backdoor manner.
http://www.octafinance.com/learn-why-vis-vires-group-inc-just-opened-huge-eventure-interactive-inc-position/
Dig deeper, they are subsidiary of Nishiyama Corp.
http://www.nishiyama.co.jp/en/
They have some industial component.
So grasping at Straws of Hope, maybe this IS a good sign for former STWS shareholders!!!
According to the just filed Statement of Ownership, VIS Vires Group now owns 9.99% of STWS.
http://ih.advfn.com/p.php?pid=nmona&article=71804264&symbol=STWS
Anyone know anything about this apparent investment group, and whether any of these shares were acquired recently?
Class action based on what? If you don't want the company to be saved and want zero for your shares, that's a splendid plan
classaction lawsuit them
they are using new clause in bankruptcy code to 'auction' out the assets leaving the public shell to die off...clas action can freeze actipn & require emails if trying to reverse out the public vehicle with the assets at hand...sure some lawyer would take up the case
So true
That is right!, kudos BPP! Now! On to making serious money!! To be company not STWS
It depends on what the equity stake for current STW shareholders ends up being in the new entity, following the Sec. 363 Chapter 11 proceeding and the Sec. 25 Exchange offer and issuance of shares in the new entity. As I understand it, the current STWS shares will necessarily cease trading and there will be a restructuring and termination of the toxic STW name, etc., with the assets, including water permits, contracts and licenses transferring over to the new entity. From what I have been able to piece together, it appears that the Salt Tech folks have already met with the Pecos/Capitan Reef entities and Ft. Stockton to begin working through having everything transfer over to the new entity.
But shame on the former STW bunch for holding us out in the dark (Sounds now like the Salt Tech folks took control prior to the emergency shareholders meeting, with e-mail, etc. forwarding over). Also, it is sounding like the former executive team will be history, which is apparently a good thing.
And, belated kudos to you, BBP, for exposing that Paul DiFrancesco as a bad apple.......a despicable rat if you will. He apparently blew smoke up everyones you know what here.
Followers
|
36
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3534
|
Created
|
09/02/11
|
Type
|
Free
|
Moderators |
MIDLAND, TX--(Marketwired - Nov 30, 2015) - STW Resources Holding Corp. (OTCQB: STWS), a provider of high-quality pipeline, water reclamation and processing management services including water desalination, announced today that its financial results for the nine months ended September 30, 2015 have been filed on its Form 10-Q Quarterly Report with the Securities and Exchange Commission (SEC). A detailed Form 10-Q is available on the company web site.
STW Resources reported revenues from continuing operations for the nine months ended September 30, 2015, of $8,693,437. Although this represents a 2% increase in revenues from the nine months ended September 30, 2014, gross profit during the nine months ended September 30, 2015, increased by $2,264,176, or 349% over the nine months ended September 30, 2014. The Company's gross profit margin during the nine months ended September 30, 2015, increased to 34% as compared to 8% during the nine months ending September 30, 2014. The significant improvement in gross profit margin demonstrates the success of corporate initiatives set forth by Company management to increase profitability by reducing cost of revenues, improving operating efficiencies, and shedding less profitable business units.
During the three months ended September 30, 2015, revenues from water reclamation and desalination services increased to $1,063,219 from $118,859 during the three months ended June 30, 2015, an increase of 795% over the prior quarterly period. Total revenues for the three months ended September 30, 2015 increased to $3,907,570 from $2,587,460, an increase of $1,320,110, or 51% over the prior quarterly period.
During the nine months ended September 30, 2015, the Company discontinued its operations of STW Energy LLC and STW Oilfield Construction LLC, realizing losses from discontinued operations of $743,913 and $1,505,616, for the nine months ended September 30, 2015 and 2014, respectively. The discontinuance of these operations enabled the Company to focus its resources on its more profitable STW Pipeline and STW Water Resources business segments, which the Company believes offers the highest growth and profit potential.
The Company's net loss for the nine months ended September 30, 2015 was $6,637,675 as compared to a net loss of $11,641,886 during the nine months ended September 30, 2014, a reduction in net loss of $6,004,211, or 43%.
The Company's non-GAAP net loss, which is net loss adjusted for non-cash expenses including stock-based compensation, amortization of debt discount, financing costs, and change in derivative liability was $4,319,719 for the nine months ended September 30, 2015, compared to $6,787,018 for the nine months ended June 30, 2014, an improvement of $2,467,299, or 36%.
During the three months ended September 30, 2015, the Company reported revenues of $3,907,570, which represents an increase of $588,287, or 18% growth, over revenues during the three months ended September 30, 2014. Gross profit during the three months ended September 30, 2015, increased by $578,117, or 104% over the three months ended September 30, 2014. The net loss for the three months ended September 30, 2015 was $2,240,933 compared to a net loss of $5,174,294 during the three months ended September 30, 2014, a reduction in net loss of $2,933,301 or 58%.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an email to cleanwater@stwresources.com
About STW Resources Holding Corp.
STW Resources Holdings Corp. (OTCQB: STWS) is a quality provider of oilfield services, water reclamation and processing management services, and rig cleaning services through its three subsidiaries. STW Water is a Total Water Solutions Provider Company and provides turnkey design build solutions and provides its Customers with "out-of-the-box" design solutions to meet customers' water needs. STW Water has capabilities to provide complete oversight of various water and wastewater projects with primary focus on engineering, regulatory permitting including Public Water Systems (PWS), Discharge permits, Pilot exception and Pilot Study, equipment design & treatment process design, manufacturing & installation and full scale Commissioning and training for all types of oil & gas, industrial and municipal water and wastewater markets throughout the State of Texas. STW's model of water ownership has had recent successes and broken ground on both Upton County and Ft. Stockton, Texas projects.
The Company consults and provides customized water analysis, reclamation and remediation services to a variety of complex oil and gas produced and flowback water, brackish water, ocean water desalination, industrial, and municipal applications throughout several geographic locations to fill a tremendous need for fresh water in the areas they service. As an independent solutions provider, STW utilizes proven technologies, from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), the west Texas Delaware and Permian Basins (TX), eastern New Mexico, and ocean desalination projects on the Gulf Coast of Texas, California, and Hawaii.
ENVIRONMENTAL IMPACT: If STW's Proprietary Technology is placed in-line with a Seawater Reverse Osmosis System or used with a geothermal operation, there will be no potentially environmentally sensitive brine concentrate discharged into the local waterways since the system is Zero Liquid Discharge and 95-97%+ of the fresh water is recovered in the process. The waste stream is salt crystals and minerals. This is a completely Blue/Green operation that provides a sustainable supply of power and water for municipal and industrial use.
MIDLAND, TX--(Marketwired - Dec 16, 2015) - STW Resources Holding Corp. (OTCQB: STWS), a provider of high-quality pipeline services, water reclamation and processing management services including water desalination, announced today that it has received approval from the Middle Pecos Water District for drilling, production and transportation of the water on STW Water's MRK lease in Pecos County.
Previously, STW Water applied for a consolidated drilling and production permit from the San Andrés formation to be utilized within the county and to be exported out of Pecos County to surrounding areas in need of water. The water district approved the permit in a unanimous decision, with STW meeting the following conditions:
The company also has the ability to submit a request to the water district for a larger permit once it is determined by the hydrogeologist that the formation can withstand an increase in yield without any negative effects. Additionally, with several prospective buyers already in place, STW expects to begin water sales in the first quarter of 2016, selling water immediately at a profitable margin. The Company anticipates water sales in the first quarter of 2016, as it has already received a letter of intent from a local customer to purchase water.
"This is a milestone achievement for STW, one that we have been working towards for quite some time and are thrilled has come to fruition," said Alan Murphy, CEO of STW Resources Holding Corp. "We consider this to be a pivotal moment in establishing STW's West Texas Water Project as one that will provide processed and/or raw alternative water from multiple sources direct to the end-user. With the production and transportation permits approved, the Company can now market the water more effectively, and begin to execute sales agreements with local buyers."
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an email to cleanwater@stwresources.com
About STW Resources Holding Corp.
STW Resources Holdings Corp, (OTCQB: STWS) is a quality provider of water reclamation and processing management services. STW Water is a Total Water Solutions Provider Company and provides turnkey design build solutions and provides its Customers with "out-of-the-box" design solutions to meet customer's water needs. STW Water has capabilities to provide complete oversight of various water and wastewater projects with primary focus on engineering, regulatory permitting including Public Water Systems (PWS), Discharge permits, Pilot exception and Pilot Study, equipment design & treatment process design, manufacturing & installation and full scale Commissioning and training for all types of oil & gas, industrial and municipal water and wastewater markets throughout the State of Texas. STW's model of water ownership has had recent successes and broken ground on both Upton County and Ft. Stockton, Texas projects.
The Company consults and provides customized water analysis, reclamation and remediation services to a variety of complex oil and gas produced and flowback water, brackish water, ocean water desalination, industrial, and municipal applications throughout several geographic locations to fill a tremendous need for fresh water in the areas they service. As an independent solutions provider, STW utilizes proven technologies, from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), the west Texas Delaware and Permian Basins (TX), eastern New Mexico, and ocean desalination projects on the Gulf Coast of Texas, California, and Hawaii.
www.stwresources.com
@STWRESOURCES
https://www.facebook.com/STWRESOURCES
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |